Asian Equities Open Mixed after Poor U.S. Lead

Asian shares posted a mixed open on Tuesday after Wall Street’s lackluster finish overnight and as investors eyed a slew of corporate earnings due in the region.

Overnight, U.S. stocks ended down, failing to hold Friday’s records, as investors eyed earnings and looked ahead to the beginning of the two-day Federal Reserve meeting on Tuesday. The tech-heavy Nasdaq led losses, down 0.6 percent as biotech stocks lagged. The Dow Jones Industrial Average shed 0.2 percent, while the S&P 500 index dropped 0.4 percent.

Japan’s benchmark Nikkei 225 hurled itself back over the psychologically-important 20,000 mark early Monday, overlooking a larger-than-anticipated fall in retail sales, which slumped 9.7 percent on-year in March. This compared with a drop of 1.8 percent in the preceding month.